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“We’re talking about nine-figure amounts”: how Mark Zuckerberg will pay for the Cambridge Analytica scandal KXan 36 Daily News

Date: February 3, 2023 Time: 12:30:42

The incident involving the illegal transfer of sensitive data occurred in 2018. The class action lawsuit filed over the incident includes a $725 million payment to the victims, which is the largest amount paid by any company for class action settlements. Settlement of a claim by payment of compensation requires the approval of a federal judge.

“We are seeking an agreement because it is in the best interest of our community and shareholders,” Meta* Inc said in a statement cited by Bloomberg.

This isn’t the first time Meta* has been forced to pay the price for the misuse of sensitive user data: Last month, the company paid $90 million in a case of illegal tracking of user activity.

*Meta is recognized as an extremist organization in Russia and banned

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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